California State Teachers Retirement System 13F: Cuts BX Stake by $2.9M
CalSTRS has trimmed its position in Blackstone Inc. by 2.2%, now holding approximately 1.08 million shares.
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California State Teachers Retirement System sold 24,730 shares from its stake in Blackstone Inc. ($BX), a 2.25% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 1,076,793 shares worth $126.71 million at the end of the quarter.
Since the filing, $BX is up 0.9% after 1 week, up 6.8% after 1 month and down 8.0% to date (from the $115.86 close on May 18, 2026).
Find the original: California State Teachers Retirement System 13F filings on SEC EDGAR
BX
Blackstone Inc.
Key Points
- California State Teachers Retirement System trimmed its stake in Blackstone Inc. by 24,730 shares, reducing its position by 2.2% to approximately 1.08 million shares valued at around $126.7 million as of May 18, 2026.
- California State Teachers Retirement System held 1,076,793 $BX shares at quarter end, down 2.25% from the prior quarter.
- Blackstone's shares closed at $117.67 on the day this article is published, which is above its 50-day moving average of $128.73 but below its 200-day average of $126.48.
- Analysts maintain a consensus rating of 'Buy' with a mean price target of $140.77, reflecting optimism about the company's long-term prospects.
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CalSTRS Trims Blackstone Position
California State Teachers Retirement System (CalSTRS) trimmed its position in Blackstone Inc. (NYSE: BX) by 24,730 shares, reducing its stake by 2.2% to approximately 1,076,793 shares. This adjustment reflects a total value of about $126.7 million as of May 18, 2026, according to its latest Form 13F filing with the SEC.
What's Behind the Reduction
CalSTRS previously held 1,101,523 shares in Blackstone, indicating a strategic decision to reduce its holdings. The current stake of approximately 1.08 million shares suggests a careful approach as the asset management firm navigates market conditions.
Institutional Activity Around Blackstone
No other funds reported changes in their positions in Blackstone during this reporting period. However, recent filings have shown varied activity among other institutional investors. For instance, the Healthcare of Ontario Pension Plan reduced its stake in Blackstone by 5.8% shortly before CalSTRS' filing, while Van Eck Associates significantly increased its position by over 1.6 million shares. Vanguard Portfolio Management also initiated a new position with 16 million shares worth over $2 billion, reflecting a mix of investor sentiment around Blackstone.
How Blackstone Inc. Stock Has Traded
Blackstone's shares were trading at $117.67 on the day this article is published, which is above its previous close of $106.21. The stock has fluctuated, reaching a 52-week low of $101.73 and a high of $165.32. This price action indicates that the stock is currently under pressure, trading below its 50-day moving average of $128.73.
Analysts Set New Price Targets
On October 13, 2026, UBS maintained a 'Neutral' rating for Blackstone with a price target of $116.00, down from $122.00. TD Cowen also maintained a 'Buy' rating but lowered its target to $144.00 from $154.00 on October 12, 2026. Barclays kept an 'Equal-Weight' rating with a target of $124.00, down from $128.00 as of October 8, 2026. Overall, the consensus among analysts remains positive, with a mean price target of $140.77 based on 22 opinions.
About Blackstone Inc.
Blackstone Inc. is a leading alternative investment firm that specializes in various asset management strategies, including private equity, real estate, and credit solutions. With a global reach and diverse investment portfolio, the company plays a significant role in the financial services sector.
What's Ahead for Blackstone Inc.
Investors will be watching Blackstone closely as it approaches its next earnings report scheduled for October 22, 2026. The recent 13F filing from CalSTRS reflects its holdings as of May 18, 2026, and may not represent its current position. As market dynamics continue to evolve, further adjustments by institutional investors could provide insights into broader market sentiment.
Related Filing Alerts
Source: California State Teachers Retirement System's 13F filing on $BX (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: California State Teachers Retirement System 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts